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Massachusetts Judge Denies Demand for Lump-Sum Lottery Prize Payment
can't she sell the annuity to one of those companies for a cash settlement?
Jan 2, 2005, 4:00 am - urbossmanpimpin - Lottery News
Mass. lottery winner, 94, sues to get lump-sum payment
All other state lotteries pay in cash or offer a lump-sum option on their jackpot games. (Of course, OR, PA, and WA have a lifetime prize in their online games, and Mass/NY have annuity-only scratch-off games.The legislation that Bill Clinton signed in 1998 allowing winners to choose cash or annuity after winning did not go far enough; it should have forced lotteries to offer a cash option on ANY prize (other than lifetime prizes) paid through an annuity.
Dec 29, 2004, 4:14 pm - CASH Only - Lottery News
My Made-Up State's Lottery
Quote: Originally posted by JimmySand9 on December 16, 2004 New payout feature for Triple 6 and Powerball:Half 'n Half-Can't decide between annuity and cash? Take both! This payout allows you to to get both a quarter of the jackpot in cash, and half of the jackpot in annuity (20-years for Triple 6, 26-years for Powerball).no offense, but that isn't a good idea. splitting the jackpot between cash and annuity is just confusing.
Dec 17, 2004, 12:41 am - DoctorEw220 - Lottery Discussion Forum
Lottery prizes 'on steroids'
Ichoro:NO lottery winner should be required to receive their prize through an annuity.
Dec 10, 2004, 4:38 pm - CASH Only - Jackpot Games Forum
Powerball Jackpot 10th Largest Ever at $171 Million
The reason why almost all winners take the cash option is because with sound financial planning, you can earn way more than the approx. 3% return the annuity has on the cash value. I would take the cash option any day.Some peole will argue that taking the annuity option would be best for people who cant control their spending. But experiences of past winners suggests that just because they take the annuity option doesnt mean they are going to spend less.
Dec 7, 2004, 9:27 am - twisted - Lottery News
winning a jackpot...what would you buy...
If I bought a house, I'd probably take the prize as an annuity. If I take the cash equivalent, the prize would be reduced by two-thirds after taxes. Over the course of a 30-year annuity, deductions and exemptions for the house and the family would shelter about 1 1/2 to 2 million dollars of the annuity from further taxes.
Nov 29, 2004, 4:31 pm - lchoro - Lottery Discussion Forum
Iowa man wins $100,000 lottery for second time
Mav:I bet the $1m wins were annuity-only.
Nov 27, 2004, 11:53 am - CASH Only - Lottery News
state with best lottery
EW:I disagree with you since MA and NY each have annuity-only scratches.
Nov 20, 2004, 9:51 am - CASH Only - Lottery Discussion Forum
For some lottery winners jackpot is a 'nightmare'
All (or almost all) the wins in the article were annuity-only.
Nov 17, 2004, 5:13 pm - CASH Only - Lottery News
Woman To Use Lottery Winnings For Sister's Transplant
Players who choose annuity won't go to lottery heaven.
Oct 27, 2004, 4:29 pm - CASH Only - Lottery News
